Fintech

Apple Inc. boasts that its iPhone “changes everything,” but against the expectations of many bankers, it may not be changing payments–at least, not this year.

The Girl Scouts of Ohio’s Heartland Council has begun using AppNinjas Inc.’s Swipe Credit Card Terminal for iPhone to accept credit and debit cards from consumers buying members’ cookies, the organization announced March 9.

National Payment Card Association in June will begin marketing an open-loop decoupled debit card this summer, according to Joe Randazza, its chief executive.

U.S. consumer credit card defaults declined again in January, reaching their lowest levels in more than two years as the economy gradually stabilized and more consumers were able to meet their payment obligations, according to new data from Fitch Ratings Inc. and Standard & Poor’s.

Yespay International Ltd. has released its application programming interface specifications that merchants may use to integrate Yespay’s mobile-based services into their point-of-sale systems, the London-based payment-services provider announced on March 11.

WASHINGTON – Visa and MasterCard are telling their credit union and bank owners the uncertainty they will face over litigation costs for a pending antitrust case over the networks’ anti-steering provisions will continue indefinitely, even as the controversy escalates over the Federal Reserve’s proposed rules on debit fees.

Apple Inc. may not be building a contactless payment capability into its next iPhone.

BILOXI, Miss.-Keesler FCU is adding 300 more products and services a month since adding online account opening, according to the CU that credits not only the technology but how the new tool is deployed.

ROCKVILLE, Md.-With an eye toward vertical growth, National Institutes of Health Federal Credit Union (NIHFCU) has partnered with Women in Bio, an organization for females working in bioscience in Baltimore, Washington and Northern Virginia.

WESTLAKE VILLAGE, Calif.-Credit unions that believe high fees are the primary reason they have seen an influx of former bank customers becoming new members are wrong, according to a new study.